Pi Network's Open Network Launch: A Milestone in the Cryptocurrency Journey
Pi Network is about to make a major leap in its evolution. On February 20, 2025, Pi Network will officially transition to the Open Network period of its Mainnet, marking a significant milestone in the journey towards a more inclusive and functional digital ecosystem. With over six years of dedication from Pi’s passionate community, this next step promises to unlock the true potential of Pi Network as a utility-driven ecosystem where Pi, its native token, will serve as a central currency for both individuals and businesses.
Celebrating the Progress: A Look Back at Pi Network’s Journey
Pi Network’s path to the Open Network has been nothing short of extraordinary. It’s been a journey built on trust, commitment, and the contributions of millions of Pioneers. Since December 2021, the Mainnet Phase 3 started with the Enclosed Network period, where Mainnet was live but restricted from external connectivity. This was a critical phase that allowed the network to:
Complete KYC (Know Your Customer) and ensure secure identity verification.
Develop real-world apps and utilities for the Pi ecosystem.
Enhance Pi’s features, making it ready for the Open Network launch.
One major change came in March 2022, with the introduction of a new mining rewards formula, designed to balance the network’s growth, scarcity, and longevity while ensuring Pioneers were rewarded fairly for their contributions.
The Grace Period, which began on July 1st, 2024, marked the final push toward Open Network. It helped ensure that Pioneers had enough time to complete KYC verification while creating a sense of urgency for migration to the Mainnet. During this period, the Pi community also witnessed events like PiFest 2024, where Pi’s ecosystem proved its real-world application with over 27,000 sellers and 950,000 participants.
What to Expect from Pi Network’s Open Network Launch
With the upcoming launch of the Open Network, Pi will transition to an environment that allows external connectivity—enabling Pi to interact with other compliant networks and systems, broadening its utility and reach.
Key Features of the Open Network Launch:
1. External Connectivity: The Open Network removes the firewall that has previously restricted Pi’s ability to interact with the broader world. Now, Pi can interface with external systems, opening doors for broader transactions and collaborations beyond the Pi ecosystem.
2. Mainnet Blockchain Expansion: Once the Open Network is live, Pioneers will be able to add nodes to the blockchain, facilitating greater network participation. Those who have contributed most reliably will be invited to transition their nodes to Mainnet, helping expand the network’s strength and security.
3. Business Compliance: To ensure a safe and trustworthy environment, businesses will need to go through KYB (Know Your Business) verification, while individuals continue with KYC verification. Pi Network aims to create a space where verified individuals and businesses can transact securely.
Open Network Conditions: A Success Story
The decision to move to Open Network was based on a set of conditions, which the Pi community has successfully met:
All tech, product, business, and legal work required for Open Network is complete.
19 million verified Pioneers through KYC, exceeding the original goal of 15 million.
Over 10 million Mainnet migrations, surpassing the original target of 10 million.
The launch of over 100 Mainnet-ready apps, ensuring a diverse and engaging utility for users.
As Pi Network has met all the necessary conditions, the transition to Open Network will proceed without further delays, promising a new chapter of growth and innovation.
How Pioneers and Developers Can Contribute
The Open Network phase is not just a milestone—it’s an ongoing process of community collaboration, where every Pioneer and developer plays a key role in ensuring Pi’s success.
What Pioneers Can Do:
Continue Mining: Pioneers should keep mining, knowing that the rewards are tied to the declining exponential model that adjusts based on contribution levels.
Engage with Pi Apps: Support and use Pi apps to help grow the ecosystem’s utility.
Participate in Local Commerce: Store owners are encouraged to accept Pi, while Pioneers can engage in peer-to-peer transactions for goods and services, further embedding Pi into everyday life.
Complete KYC: If you haven’t yet verified your identity, the Open Network period offers another opportunity to do so and fully migrate to the Mainnet.
What Developers Can Do:
Improve Existing Apps: Developers should refine and improve their apps to enhance user experience and functionality.
Create New Apps: Now is the time for developers to build apps that cater to the needs of Pi users, driving innovation and contributing to Pi’s continued success.
Looking Ahead: The Future of Pi Network
As Pi Network enters the Open Network phase, the potential for the platform is limitless. The Pi community has laid a solid foundation over the past six years, and now, with external connectivity, Pi is ready to grow into a truly global and decentralized cryptocurrency ecosystem.
The future of Pi Network depends on the ongoing contributions of every Pioneer, developer, and business. By actively engaging with the platform, contributing to its development, and embracing the power of Pi, everyone can play a role in shaping the future of cryptocurrency.
Stay tuned for more information as Pi Network prepares to embark on this exciting new chapter on February 20, 2025!
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